India's Aviation Turbine Fuel Prices Hiked Third Time In A Month

By IBT Staff Reporter On 04/15/09 AT 7:27 AM

India's state-run oil companies raised prices of jet fuel or ATF for the third time in a month, reported media. An IOC official reportedly said that the prices were increased due to an increase in international prices. This time the prices were hiked by about 6.7%.

Indian Oil, Bharat Petroleum and Hindustan Petroleum raised aviation turbine fuel prices by 10% on April 01 following a marginal rise, two weeks ago. The cumulative raise in the past three fortnights totaled 17.8%.

The raise in jet fuel prices varied from airport to airport depending on local taxes and levies and on average worked out to be Rs 2,066 per kl.

The ATF prices touched its peak in August 2008 on international crude touching $147 a barrel. The prices were cut 11 times since September before being raised by 3.3% on January 16.